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Imagine a stack of $1 bills that reaches nearly 3,000 miles into the sky. That’s how high $44 billion would be. And it’s a pretty good picture of how much money Warren Buffett’s Berkshire Hathaway (BRK.A 1.35%) (BRK.B 1.26%) lost in the second quarter of 2022.How did one of the biggest companies on the planet led by one of the most successful investors of all time lose that much money? It was surprisingly easy to do.Only on paperLet’s first be clear on one important point: Berkshire’s loss was only on paper. The company’s businesses generated Q2 revenue of nearly $76.2...

Berkshire Hathaway trading at low of the day after market was up over 900 points yesterday. Wonder what the big boys know that we don't know?

Berkshire Hathaway class A stock (BRK.A) has been trading down all day today from yesterday's close while the overall market has been up, the DOW at one point over 415 points up.

After reporting loss in airlines and liquidation of airline holdings, BRK.A down as much as 2.95% today (over $8,000 per share).

New York (CNN Business)Berkshire Hathaway, the massive conglomerate run by billionaire Warren Buffett, posted a nearly $50 billion net loss in the first quarter -- the biggest loss ever for the storied company. Berkshire, which owns companies including Geico auto insurer, Burlington Northern Santa Fe railroad, Dairy Queen, Duracell and many other financial, industrial and consumer firms, has been hit hard by the Covid-19 pandemic. Just like the rest of the market and economy. The company said in a regulatory filing Saturday morning that before the coronavirus hit the United States in mid-March, many of Berkshire's businesses were posting revenue...

last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer. ... Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line. In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings. ... In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation.. ... Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It...

A Roman mosaic depicting a mythical chariot race has been fully uncovered in a Berkshire village - and it could be one of Britain's most exciting archaeological discoveries. The 1,600-year-old mosaic, which was found in Boxford in 2017 but only fully uncovered recently, is one of only three of its kind in the world and is 'totally unknown' in Britain, experts said. It depicts a chariot race involving Greek mythological figure Pelops, who is racing to win the hand of love interest Princess Hippodamia. ... The mosaic will now be covered over once more to protect it and to allow...

A riverside home in the heart of the countryside that inspired Kenneth Grahame to write The Wind in the Willows has gone on the market for £3.45m. The aptly-named Toad Hall overlooks the picturesque Cookham Reach of the River Thames in Berkshire. The stunning manor comes with 130ft of private mooring and wet boathouse, which make it the perfect place for messing about on the river.

Warren Buffett's Berkshire Hathaway is itching to do a massive acquisition, but is having a difficult time due to elevated valuations. The Oracle of Omaha explained his buying criteria for deals in his 2017 annual letter to shareholders released on Saturday. "In our search for new stand-alone businesses, the key qualities we seek are durable competitive strengths; able and high-grade management; good returns on the net tangible assets required to operate the business; opportunities for internal growth at attractive returns; and, finally, a sensible purchase price," he wrote. "That last requirement proved a barrier to virtually all deals we reviewed...

Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of "siphoning" premiums through a web of illegal shell companies, with diverted premiums going to unlicensed out-of-state insurers. The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable...

NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc, agreed to settle U.S. charges that it discriminated against immigrant workers by requiring them to provide extra documents to prove their employment eligibility. The settlement calls for NetJets to be monitored by the U.S. Department of Justice for two years, improve training of its human resources staff, and pay a $41,480 civil penalty, the department said on Friday. NetJets denied wrongdoing in agreeing to settle, and cooperated in the probe. A spokesman had no immediate comment. Based in Columbus, Ohio, NetJets specializes in "fractional" aircraft ownership, which lets individuals...

Berkshire Hathaway shareholders have overwhelmingly rejected a resolution calling for the company to write a report about the risks climate change creates for its insurance companies. CEO Warren Buffett says he agrees that dealing with climate change is important for society, but he doesn’t think climate change creates serious risks for Berkshire’s insurance businesses. Buffett says the fact that Berkshire generally writes insurance policies for one-year periods allows it to regularly re-evaluate risks, such as climate change. The activists who proposed the motion tried to urge Buffett to take a public stance in favor of measures to reduce consumption of...

FULL TITLE: Marie Stopes doctor and nurses 'bungled woman's abortion then sent her home despite symptoms of internal bleeding that killed her just hours later' A doctor and two nurses appeared in court today charged with the manslaughter of a pregnant woman who died from massive blood loss following a bungled abortion. Aisha Chithira, 32, had travelled from Dublin to a west London branch of the Marie Stopes clinic for the procedure on January 21, 2012 and collapsed hours later in a taxi in Slough, Berkshire. The cause of her death was given as 'extensive internal bleeding' following the abortion,...

wind energy is highly inefficient and requires additional transmission lines and back-up gas generators when the wind doesn't blow. Yet, windmills keep getting built, thanks to government subsidies. But it is very hard to trace these subsidies. Vague statements about "tax credits" and "mandates" give no hint of the magnitude of returns that these subsidies provide to crony windmillers. Indeed, in the Carnahan Special Report, we had to burrow into financial statements of a foreign company and its subsidiary to understand where all the money was going. The principal information was buried in an arcane note to these financial statements....

<p>The U.S. Securities and Exchange Commission has frozen the assets of a Swiss trading account that allegedly made a series of "highly suspicious" trades reaping about $1.7 million ahead of the blockbuster sale of H.J. Heinz Co.</p> <p>The regulator's move came one day after Heinz said it was selling itself for $23 billion to Warren Buffett's Berkshire Hathaway Inc. and Brazilian private-equity firm 3G Capital in one of the biggest food-industry acquisitions ever.</p>

Ally, which is 74 percent owned by the U.S. government, makes loans to GM and Chrysler customers and finances dealer inventories. The government first bailed out the company, then known as GMAC Inc., in late 2008 as part of the Bush administration's aid to the auto industry. The Obama administration provided additional funding in May and December 2009. ResCap had been a drain on Ally's finances for years, struggling to make payments on its heavy debt ever since the bottom fell out of the U.S. housing market in 2007. In regulatory filings before the bankruptcy, Ally said that deterioration in...

Jordan Roy-Byrne of TheDailyGold.com believes Warren Buffet's derisive comments about prices and why investors purchase gold are totally off the mark. While the Oracle of Omaha has had a spectacular investing career, in the past five years, gold and silver have far outperformed his company, Berkshire Hathaway. In February of 2007, the Berkshire shares were trading around $71. Today those same shares are around $80. Contrast this with gold, which was around $660 in February 2007, and today it's at $1780. Where would you rather have invested? Even going back to February of 2000, Berkshire was around $30, and gold...

NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the takeover of railroad operator Burlington Northern Santa Fe Corp, improvement in insurance underwriting results, and a turnaround in performance at the NetJets corporate plane unit. Net income fell to $1.97 billion, or $1,195 per Class A share, from $3.3 billion, or $2.123, a year earlier. Excluding investments, operating profit rose to $3.07 billion, or $1,866 per share, from $1.78 billion, or...

Warren Buffett offered a vigorous defense of Goldman Sachs Group Inc. Saturday, saying the embattled firm hadn't engaged in improper activity and shouldn't be blamed for the losses of its clients. Goldman has been reeling from Securities and Exchange Commission allegations that the bank had engaged in fraudulent activities in relation to a mortgage deal called Abacus 2007-AC1. Goldman says it did nothing wrong. The billionaire investor said he fully supported Goldman CEO Lloyd Blankfein. Asked if he could choose a successor for Mr. Blankfein, Mr. Buffett said: "If Lloyd had a twin brother I'd go for him." Buffett also...

Hawker Beechcraft announced Monday that fractional ownership company NetJets has canceled a "significant" number of aircraft it had on order. The cancellations will reduce Hawker Beechcraft's backlog by $2.6 billion and represent 90 percent of the aircraft that NetJets has on order with Hawker Beechcraft. The planes were to have been delivered over several years beginning in 2011. So far this year, NetJets has canceled 12 aircraft it had on order and deferred delivery of all jets it was scheduled to receive this year and next until the end of 2010. Hawker Beechcraft has said that NetJets wasn't expected to...